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Commitments and Contingent Liabilities (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Recent Approximate Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

2020

 

 

2019

 

 

2018

 

Pending claims, beginning of year

 

 

39,600

 

 

 

43,100

 

 

 

54,300

 

New claims filed during the year

 

 

1,100

 

 

 

1,500

 

 

 

1,300

 

Claims settled/dismissed

 

 

(2,000

)

 

 

(5,000

)

 

 

(12,500

)

Pending claims, end of year

 

 

38,700

 

 

 

39,600

 

 

 

43,100

 

Payments(1)

 

$

13

 

 

$

22

 

 

$

18

 

 

(1)

Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

Changes in the Warranty Reserve

The following table presents changes in the warranty reserve during 2020 and 2019:

 

 

 

 

 

 

 

 

 

(In millions)

 

2020

 

 

2019

 

Balance at January 1

 

$

22

 

 

$

18

 

Payments made during the period

 

 

(21

)

 

 

(25

)

Expense recorded during the period

 

 

21

 

 

 

29

 

Translation adjustment

 

 

 

 

 

 

Balance at December 31

 

$

22

 

 

$

22